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FX Choice forex broker review

FX Choice Review & Rating | forex broker

RATING: 4.4 / 16 REVIEWS ForexBrokerz FX Choice

FX Choice real time & average spread

Real time spread
Average spread
For the last hour
Min spread
Max spread
Swap long: n/a
Swap short: n/a
Stop/Limit level: n/a

Trading Accounts


Account type Minimum deposit  Minimum trade size  Maximum leverage  Average Spread 
Classic  $100 0.01 1:200 1.2 pips on EUR/USD
Pro  $100 0.01 1:200 0.5 pips on EUR/USD + $3.86 per lot (per side)

Clients of FX Choice are provided with a choice of two account types: Classic and Pro. The main difference between the two is that the Classic one is commission-free, offering higher spreads, while the Pro account is commission based and provides tighter spreads due to the ECN environment. Besides, only the Pro account offers a choice of desktop platforms – MetaTrader 4 and MetaTrader 5.

What is more, traders can choose to open Corporate or Individual accounts.

The Com
pany. Security of Funds





FXChoice Ltd.




FXChoice is a broker specialized in Forex and CFD trading for private clients, institutional investors and fund managers. Having around a decade of experience in the forex industry, the brokerage strives to provide excellent service and customer support. In 2016 alone FXChoice was awarded the Exceptional Customer Service accolade by LiveHelpNow on 5 occasions.


The broker offers trading in almost 40 currency pairs and various CFDs (on indices, precious metals, commodities, energies) through two robust trading platforms. With their NDD technology FXChoice is executing around 15 000 digital transactions a day.


The company behind the brand, FXChoice Ltd., is headquartered in Belize and regulated by the local International Financial Services Commission (IFSC).


IFSC has liberal control over forex brokers. Its supervision focuses on promulgation of regulation and a mandatory code of conduct, as well as the licensing process. Compliance-checking, reporting and on-going supervision are little emphasized.


Despite of the lack of strict regulatory rules, FXChoice places a special focus on security and keeps clients’ funds in segregated accounts, absolutely separate from their corporate ones.


What is more, this broker practices positive price correction. This practically means that even if traders actually slip into negative balances under extraordinary circumstances, FXChoice will simply zero out these balances. 

Trading Conditions

Minimum Initial Deposit

Unlike most forex brokers, who usually set up different initial investment for different account types, FXChoice demands $100 from both Classic and Pro account holders. This is a comparatively low initial investment for ECN environment.

Average Spreads & Commissions

This broker offers competitive variable spreads, which vary by account type. Nonetheless, trading costs on both accounts are similar, amounting to an average of 1.2 pips on EUR/USD per (ECN account holders are offered spread averaged 0.5 pips on EUR/USD incurring a commission of $ 7 per lot round turn).  So, FXChoice’s pricing is pretty attractive

Maximum Leverage

The maximum leverage level offered to FXChoice’s clients is 1:200, which is average for the industry.


Trading Platforms


The broker supports several trading platforms: MetaTrader 4, MetaTrader 5, as well as Myfxbook Autotrade.


Both the MT4 and the MT5 offer access to the forex, contracts for difference (CFDs), options and futures markets, but the MT5 also offers an option for trading in stocks. Both platforms use MQL programming languages and allow automated trading via Expert Advisors (EAs). They offer advanced charting packages, trading and analysis tools, alerts, signals, and customizable indicators.


With FXChoice MT4 is available as desktop version, mobile apps and there is also a web-based version offered, called Web terminal MetaTrader 4.


The MT5 was developed and promoted as an upgrading on MT4, yet many brokers still prefer the earlier technology, since many of MT4’s indicators and Expert Advisors (EA) are not supported on the MT5 platform. Lately, however, the MetaTrader 5 is gaining popularity among both traders and brokers, as the hedging option was added to it and a number of other enhancements were made. With FXChoice the platform is available as a PC version and mobile apps.


In addition to MT4 and MT5, FXChoice is offering the Autotrade service operated by Myfxbook. This is a social forex community and online automated analytical tool, by which you can copy the trades of any system you select, directly into your FXChoice MetaTrader 4 account, without any additional fees or software to install. 


Besides, traders who keep a monthly balance of $3,000 or more at least 5 lots per month qualify for free VPS.


Like many other forex brokers, from time to time FXChoice offers its clients special bonuses.

Methods of Payment


This broker provides a variety of payment methods to its clients: wire transfer, credit/debit card, e-wallets: Skrill, Neteller, FasaPay, Bitcoin, Perfect Money, ePayments, Trustly, Astropay and PaySafeCard.


Accounts can be opened in USD, EUR, GBP, AUD, CAD and Bitcoin.




Despite its looser regulation, FXChoice is a reliable award-winning NDD broker with more than 10 years of experience in the forex industry. It offers fast market execution and competitive trading conditions on a variety of trading platforms. To sum up the above, here are the Pros & Cons of FXChoice:


Pros Cons
Competitive spreads Liberal regulation
Pure NDD brokerage  
Low initial deposit for ECN environment  
Both MT4 and MT5 available   
Extra tools such as live economic calendar, VPS  


Latest news about FX Choice
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for FX Choice
















Price feed















Customer service










Great Customer support

I am from South Africa and been trading for 5 years now. I've had many brokers, good, bad and ugly. FX Choice is Exceptional. Very Very Happy.

Solomon Kubatsi 11/29/2019

customer service chat

I recently opened a Demo account with FX Choice and could not sign in to my account. The person helping me with this problem, I think his name is Novi, did
a great job getting me signed in. He was very helpful and had me fixed up very quickly. I am very impressed.

R.Lossow 08/16/2019

Turned out to be better than i thought at first

I Opened an FX Choice account three years ago but when i started using it i got nothing but complains because i kept losing my investment. then one time i could not log into my account but that was resolved almost immediately by the customer support. after that i did not use the platform again till last year when i read about a strategy called the Fib Fusion strategy while looking for a working strategy, everyone said it works better on FX choice so i had to come back to the platform to try it out. They where right! it worked and i started earning thousands on daily basis and i got to try the withdrawal aspect of the platform and i did not experience any issues at all so. Turns out my problem with FX Choice was just having a strategy that works with it.

Iram Amir 07/03/2019

BEST unregulated broker for US customers!

I've been with these guys for 4 years. Never had I encounter any issues. People who give negative comments and reviews are disgruntled traders who cannot trade to begin with. It's almost always something they did not understand. About 1% of these negative reviews can be attributed to error by the broker themselves. That's normal.

Robert Halterman 06/05/2019


This broker is best broker according to spread

Alas 05/06/2019


a good broker in my experience but they have reduced funding options for uk clients. no credit or debit card deposits or bank wire deposits available which is ridiculous for a broker.they need to fix this asap !!!!

steve 04/07/2019

My Opinion

Honestly, I don't have any complaints against FX Choice. In fact, I think that you all are doing a great job. You're always consistent with forwarding emails on a monthly basis, even when I'm not trading which is a plus. Also, warning about potential volatility is a double plus (++). I haven't experienced anything negative from FX Choice that I can think of, so I've to say kudos to you all and keep up the good works

Ismaaiyl Abdullah-Muhammad 04/02/2019

Best serving

I am so great-full for your services and i hope your the best

Brice 03/12/2019

Fixed Problem

I had an an issue signing onto my live account from my demo account. After emailing customer service a technician promptly took control and set up my live account in a different folder. Thanks

Perry Sangastiano 12/19/2018

FX Choice MAM

I'm responding to another comment on here who had a bad experience with his MAM. I think he's full of it. For one, there is nothing Fx Choice cannot do to fix his error because each MAM manager is asigned to a special agent for these reasons.

As a MAM manager myself, YOU DON'T GET LOCKED OUT OF YOUR OWN MAM. IT's IMPOSSIBLE. He's either lying, lack problem-solution intelligence, or he's Fx Choice's competitor from another broker spreading false claims.

I have a MAM with Fx Choice for the last year or so. Very good broker if you want to manage other people's funds.

Robert Halterman 10/01/2018

FX withdrawals - Very Good Broker

I have been with FX Choice for over 18 months and everything that I have experienced has been very good. Depositing and withdrawals were all timely and accurate. Spreads are good and with the Pips + program commissions are reduced nicely. Customer service has been excellent. I have contacted them via phone, live chat, and email. All of these methods had a professional response. Very happy with their performance.

Scotty Miller 09/20/2018

Best in all they do

I have been trading for 15 years,,the last 5 years with FxChoice.They are the best in all they do.

herbert spearman 08/01/2018

So far so good

Very reliable customer service. Iv tried to withdraw small amount and its good, I hope its the same by the time I withdraw a large amount. No complain and problem so far.

Jules 07/27/2018


Iv been trading with them for 6 months now. So far I have no problem with them. And the customer service is excellent!.

hana 07/27/2018

Enquiry to locked account

The response was prompt, courteous and informative

Rodwyn Fanfair 01/08/2018

Seems like this will be a good broker for me.

I have not went live yet because I had some concerns, but after chatting with this broker I am depositing in to my Live account soon.They seem to be reliable after our chat, and custom service answered all of my questions in good timing.I went to Forex Peace Army in search for a good honest broker with good perks and this is the broker that grabbed my attention the most by their reviews.I just hope everything goes well once I go Live.

The MJ of. Forex 01/03/2018

5 star costumer service

better customer service impossible when you think you have a problem you connect with them in a matter of seconds and the solution was guaranteed Thanks FXCHOICE

Yuliesky perez 12/17/2017


I had a chat with Paul,he was very helpful.He was nice and new how to take care of a customer.FxChoice is the best.

herbert spearman 11/27/2017

About the best option a US resident has

I have been with them for a few years. Commissions are a bit higher than others, but swaps are extremely reasonable as compared with others. Trading conditions in their ECN accounts are really pretty good. Withdrawals are executed quickly.

All in all, this is about the best broker a USA resident is going to get.

Aaron Cohn 07/17/2017

Do NOT use for MAM accounts

Actually, fine if you are trading your account but do NOT use this company for a MAM account as the interface is terrible. I was in their Back Office system and thought I was logging out. I accidentally hit the Exit MAM Account button and it kicked me off the MAM without a warning and cost me > $1000. No warning, no alert, no nothing. This is an awful interface so do not use this company for MAM accounts.

Don 03/17/2017

Trading accounts are superior

I have had accounts with them since June 2013 and with all the croziness that has occurred I never felt any danger or poor treatment. They are simply the exact way I want to be treated as a customer . The execution is solid. Spreads reasonable occasionally even tight. But always fair . The customer care back office is beyond reproach . I can totally recommend them I trade on MT4 platform

Nosbigs 09/11/2016

Good Broker


spreads are tight
no spikes during news release
good spreads during news release
Support is excellent
no slippage
execution is also good


4% commision on skrill deposits.

Noman Ahmed 12/15/2015

Honesty and withdrawal review on

Good honest broker! I have an account with through recommendation of a friend. I`ve made a deposit without uploading my account and my account was still not active because I got caught up in not doing anything with Forex Trading for a long time. I`ve heard that there are a lot of brokers who just would keep your money and betray you. I got scared. Later on I requested to withdrawal my deposited money, because I needed it at that point in time, with no hesitation I got my money returned from them!!! Very good and honest broker :-) When I do Forex again, I will chose them. Only 4 Stars because I admit that I haven´t traded at all yet....

Angela Breeker 10/17/2012

I recommend them Broker

I joined this broker a few months ago. The staff is very helpful and friendly, in my case it was time consuming for them since I had lots of questions.I have just invested $210 through wiretransfer. After 6 weeks I`ve made some profit and wanted to withdraw, just to test them. I got my money back within 4 days. I chose this broker because of recommendation of friends. Lucky me, they have more currency possiblities for the account than it is shown in the dropdown menue. Ok guys, I can recommend FXChoice, enjoy your days! Courntey

Courtney 10/16/2012

Honest and awesome Broker


i have been engaged in forex trading since 5 years and i had many good and bad experience with FX broker. I had to switch from my former broker to FX Choice because my old account was closed because i´m living in the US. First i was very sceptical because i never heard of them and i started with a smaller account. Everything was good, even much better than expected. Spreads were awesome and order execution state of the art. After i made some test withdrawal from my profit and it went through smoothly i started to fund my account with bigger amounts and everything is still perfect. There was one technical issue in the last few month and i wasn´t able to get any quotes and i missed a TP because of it. I contacted FX Choice through customer chat and they told me that there was a problem with liquidity provider bridge and that they are working on it. After a few minutes problem was solved and they adjusted my trade without i had to ask for it within the next few hours. To be honest i almost never saw that in the past. Normally you have to write several mails and you can be glad if broker adjust the trade.For me up to now a 5 star experience!

James Torrwood 09/26/2012

My Experience With FXChoice

After having bad experiences with other brokers, I am really happy with, here`s why:

*Very good 24 hour customer support for me as a beginner
*tight spreads compared to other brokers
*excellent order execution
*reliable server performance (I`ve noticed that you have had
troubles above... must have been before I have started my trading
*Withdrawal of my won money was very easy and without problems

Tumbs up!


SebastianMuller 09/25/2012

Many technical issues with this FX Choice broker

In one month, they have had at least 3 technical issues causing my MT4 to "No Connection" while all other broker's MT4s were fine. They are now having issue with AUDUSD and USDCAD closing price. The prices are not moving for almost 15mins. Consequently I have lost my trades. Not recommended.

Jason Dang 07/11/2012

FxChoice Pros and Cons

FxChoice Pros:

- Fixed spread and Variable spread accounts
- Various deposit methods
- Fast execution and limited requotes
- No slippage

FxChoice Cons:

- Fixed spread is wider than advertised
- You will be non-stop requoted if server flag you as a cheater
- 5 pips "freeze" level

Full review and screenshots here:

S.Zhelev 11/27/2011
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